First-Floor Residential Income
For Sale
$250,000
141 N 2ND STREET Unit 1B, Philadelphia, PA 19106
The one-bedroom, one-bath condo has renovated kitchen and bath finishes, in-unit laundry, and basement storage.
Property Size694 SF
Price / SF$360.23
Days on Market141
Property Features for 141 N 2ND STREET Unit 1B
General Information
Standard status
Active
Size
694 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Neighborhood
Center City
Highway Access
Yes
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,456
Amenities
stacked washer & dryer
shared outdoor patio
basement storage locker
Building Details
Building Size
694 SF
Year Built
1900
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Mark P Tierney · License #RS279514
(610) 580-4898
Source:
Desantis-realestate
Added: Jun 13
Changed: Oct 30
Last Checked: Oct 27 at 4:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This 694-square-foot, first-floor condo in a 1900 building offers one bedroom and one bath. The kitchen and bathroom have been renovated; painted brick walls and wood floors are also features of the unit. A stacked washer and dryer and a basement storage locker are included.
Residents have access to a landscaped outdoor patio shared among association members. The property is on N 2nd Street in Philadelphia, with the entry reached from a Belgium block walkway on Quarry Street.
Residents have access to a landscaped outdoor patio shared among association members. The property is on N 2nd Street in Philadelphia, with the entry reached from a Belgium block walkway on Quarry Street.
Key Highlights
- 694‑square‑foot, one‑bedroom, one‑bath condo
- First‑floor unit in a building constructed in 1900
- Renovated kitchen and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,916
Cap Rate
4.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,320
$218.3K
Cap Rate 7%
$155,943
$155.9K
Cap Rate 9%
$121,289
$121.3K
Market Conditions
NOI Build-Up for 694 SF
Gross rent
$21.1K $30.36/SF
− Vacancy
−$1.2K −$1.76/SF
EGI
$19.8K $28.60/SF
− OpEx
−$8.9K −$12.87/SF
NOI
$10.9K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$218,320
Cap Rate 7%
$155,943
Cap Rate 9%
$121,289
Alternative Uses
Best Use
Apartment 5plus
$155.9K
$136.5K – $181.9K
NOI $10,916 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$169.2K
$148.0K – $197.4K
NOI $11,843 @ 7.0% cap · market cap 4.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
6,993
Businesses Nearby
Explore this area
Business Placement
Demographics for 19106, PA
15,190
Population
9,913
Households
1.5
Avg Household Size
39
Median Age
80%
College-Educated
96%
High-School Grad
0.9 sq mi
ZIP Area
16,878
Density / Sq Mi
$129,779
Median Household Income
$93,953
Median Earnings
$2,219
Median Rent
$528,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The one-bedroom, one-bath condo has renovated kitchen and bath finishes, in-unit laundry, and basement storage.
Where is this residential income property located?
The property is located at 141 N 2ND STREET Unit 1B Philadelphia, PA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 694‑square‑foot, one‑bedroom, one‑bath condo; First‑floor unit in a building constructed in 1900; Renovated kitchen and bathroom
